COBAS
ActiveSummary
COBAS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.0m and a net result of -€79,499. Equity is growing by ~65.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 4630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-14
Solvency94▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 6.14 in 2023; short-term debt: 31.1% and cash: 4.6% of total assets), and 31.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.5%
Return on assets
-5.4%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
34 d early
2022
31 d early
2021
34 d early
2020
1 d early
2019
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€313,459
EBIT margin
21.2%
Net result
-€79,499
2023 · €3,641
Working capital
€709,801▼ 39.6%
2023 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result€72,503▲ 82.1%€44,649▼ 38.4%€54,046▲ 21.0%-€6,857-€80,516▼ 1,074%
Net result€43,408within the sector's middle half▲ 109%€23,751within the sector's middle half▼ 45.3%€1.0mabove the sector's middle half▲ 4,256%€3,641within the sector's middle half▼ 99.6%-€79,499below the sector's middle half
EBIT margin
Equity€123,175within the sector's middle half▲ 54.4%€146,927within the sector's middle half▲ 19.3%€1.2mwithin the sector's middle half▲ 704%€1.1mwithin the sector's middle half▼ 3.0%€1.0mwithin the sector's middle half▼ 12.5%
Total assets€513,654within the sector's middle half▲ 32.5%€485,493within the sector's middle half▼ 5.5%€1.5mwithin the sector's middle half▲ 209%€1.4mwithin the sector's middle half▼ 4.7%€1.5mwithin the sector's middle half▲ 2.4%
Debt€390,478▲ 26.9%€338,566▼ 13.3%€318,255▼ 6.0%€282,534▼ 11.2%€460,583▲ 63.0%
Working capital-€93,789within the sector's middle half▼ 154%-€109,747below the sector's middle half▼ 17.0%€1.3mabove the sector's middle half€1.2mabove the sector's middle half▼ 6.9%€709,801above the sector's middle half▼ 39.6%
Solvency24.0%within the sector's middle half▲ 3.4pp30.3%within the sector's middle half▲ 6.3pp78.8%above the sector's middle half▲ 48.5pp80.2%above the sector's middle half▲ 1.4pp68.5%within the sector's middle half▼ 11.7pp
Current ratio0.44below the sector's middle half▼ 0.240.37below the sector's middle half▼ 0.076.42above the sector's middle half▲ 6.056.14above the sector's middle half▼ 0.282.56within the sector's middle half▼ 3.58
Return on assets (ROA)8.5%within the sector's middle half▲ 3.1pp4.9%within the sector's middle half▼ 3.6pp69.0%above the sector's middle half▲ 64.1pp0.3%within the sector's middle half▼ 68.7pp-5.4%below the sector's middle half▼ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €80,516 in 2024 against €6,857 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€298,492 ▲ 1,064%
Current assets
€1.2m ▼ 17.0%
Equity and liabilities €1.5m
Equity
€1.0m ▼ 12.5%
Debt
€460,583 ▲ 63.0%
Debt's share of the balance-sheet total rises from 19.8% to 31.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€69,172▼
2023 · €1,400
Cash flow
-€68,154▼
2023 · €11,899
Quick ratio
2.21▼
2023 · 6.14
Debt to equity
0.46▲
2023 · 0.25
ROE
-7.9%▼
2023 · 0.3%
Interest coverage
-22.95▼
2023 · 0.80
Debt ≤ 1 year
€454,869▲
2023 · €228,536
Debt > 1 year
€5,714▼
2023 · €53,998
Income taxes
€531▼
2023 · €1,823
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,688 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,302 | €19,392 | €1,950 | €8,258 | €11,344 | ▲ 37.4% |
| Other operating charges640/8 | - | €1,652 | €6,984 | €50,244 | €1,866 | ▼ 96.3% |
| Gross operating margin9900 | €95,588 | €65,693 | €62,980 | €51,644 | -€67,306 | ▼ 230% |
| Operating profit (loss)9901 | €72,503 | €44,649 | €54,046 | -€6,857 | -€80,516 | ▼ 1,074% |
| Financial income75/76B | - | €277 | €1.1m | €14,069 | €4,563 | ▼ 67.6% |
| Recurring financial income75 | - | €277 | €1.1m | €14,069 | €4,563 | ▼ 67.6% |
| Financial charges65/66B | - | €3,913 | €4,734 | €1,747 | €3,014 | ▲ 72.6% |
| Recurring financial charges65 | €4,233 | €3,913 | €4,734 | €1,747 | €3,014 | ▲ 72.6% |
| Profit (loss) for the period before taxes9903 | €68,270 | €41,013 | €1.1m | €5,465 | -€78,967 | ▼ 1,545% |
| Income taxes67/77 | €24,862 | €17,261 | €114,632 | €1,823 | €531 | ▼ 70.9% |
| Profit (loss) for the period9904 | €43,408 | €23,751 | €1.0m | €3,641 | -€79,499 | ▼ 2,283% |
| Profit (loss) for the period to be appropriated9905 | €43,408 | €23,751 | €1.0m | €3,641 | -€79,499 | ▼ 2,283% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €513,654 | €485,493 | €1.5m | €1.4m | €1.5m | ▲ 2.4% |
| Fixed assets21/28 | €440,852 | €421,460 | €5,699 | €25,652 | €298,492 | ▲ 1,064% |
| Tangible fixed assets22/27 | €40,678 | €21,286 | €5,520 | €25,473 | €298,313 | ▲ 1,071% |
| Furniture and vehicles24 | - | €21,286 | €5,520 | €25,473 | €298,313 | ▲ 1,071% |
| Financial fixed assets28 | €400,175 | €400,175 | €179 | €179 | €179 | = |
| Current assets29/58 | €72,801 | €64,033 | €1.5m | €1.4m | €1.2m | ▼ 17.0% |
| Stocks and contracts in progress3 | - | - | - | - | €161,113 | - |
| Stocks30/36 | - | - | - | - | €161,113 | - |
| Amounts receivable within one year40/41 | €29,500 | €13,500 | €30,614 | €109,735 | €333,020 | ▲ 203% |
| Trade receivables40 | - | €13,500 | €28,698 | €89,224 | €261,041 | ▲ 193% |
| Other amounts receivable41 | - | - | €1,917 | €20,511 | €71,980 | ▲ 251% |
| Current investments50/53 | - | - | - | - | €600,000 | - |
| Cash at bank and in hand54/58 | €41,504 | €47,291 | €1.5m | €1.3m | €67,961 | ▼ 94.7% |
| Deferred charges and accrued income490/1 | - | €3,242 | €4,342 | €2,292 | €2,576 | ▲ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €513,654 | €485,493 | €1.5m | €1.4m | €1.5m | ▲ 2.4% |
| Equity10/15 | €123,175 | €146,927 | €1.2m | €1.1m | €1.0m | ▼ 12.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €105,039 | €128,791 | €1.2m | €1.1m | €1.1m | ▼ 5.7% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €126,931 | €1.2m | €1.1m | €1.1m | ▼ 5.7% |
| Profit (loss) carried forward14 | €11,936 | €11,936 | €11,936 | €15,577 | -€63,921 | ▼ 510% |
| Amounts payable17/49 | €390,478 | €338,566 | €318,255 | €282,534 | €460,583 | ▲ 63.0% |
| Amounts payable after more than one year17 | €223,888 | €164,787 | €85,441 | €53,998 | €5,714 | ▼ 89.4% |
| Financial debts170/4 | - | €164,787 | €85,441 | €53,998 | €5,714 | ▼ 89.4% |
| Amounts payable within one year42/48 | €166,590 | €173,779 | €232,814 | €228,536 | €454,869 | ▲ 99.0% |
| Current portion of amounts payable after more than one year42 | - | €68,125 | €64,149 | €79,563 | €11,303 | ▼ 85.8% |
| Financial debts43 | - | €3,355 | €3,360 | €3,423 | - | - |
| Credit institutions430/8 | - | €3,355 | €3,360 | €3,423 | - | - |
| Trade debts44 | €20,548 | €9,170 | €32,363 | €2,399 | €289,443 | ▲ 11,965% |
| Suppliers440/4 | - | €9,170 | €32,363 | €2,399 | €289,443 | ▲ 11,965% |
| Taxes, remuneration and social security45 | - | €12,055 | €101,174 | €96,632 | - | - |
| Taxes450/3 | - | €12,055 | €101,174 | €96,632 | - | - |
| Other amounts payable47/48 | - | €81,074 | €31,768 | €46,518 | €154,123 | ▲ 231% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,408 | €23,751 | €1.0m | €3,641 | -€79,499 | ▼ 2,283% |
| + Depreciation and write-downs630 | €20,302 | €19,392 | €1,950 | €8,258 | €11,344 | ▲ 37.4% |
| Operating cash flow (approximation) | €63,711 | €43,143 | €1.0m | €11,899 | -€68,154 | ▼ 673% |
| Investment in fixed assets (approximation) | - | €0 | €413,811 | -€28,211 | -€284,184 | ▼ 907% |
| Change in cash | - | €5,787 | €1.4m | -€168,076 | -€1.2m | ▼ 628% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€79,499
Net result drops to -€79,499, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.0m ▲4,256%
Net result €1.0m, the highest in the series.
31-12
Financial
Liquidity times 17current ratio 6.42
Current ratio from 0.37 to 6.42.
31-12
Financial
Equity above €1mEq €1.2m ▲704%
5 profitable years in a row build equity to €1.2m.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100,000Eq €123,175 ▲54.4%
3 profitable years in a row build equity to €123,175.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genappe · 1 establishment unit since 2008
Ground area
517 m²
Building footprint
315 m²
Volume, LiDAR
1,422 m³
Parcel 25013E0337/00R000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
COBAS
since 20082.285.990.288
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013E0337/00R000 | Wallonia | 517 m² | 1 · 315 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
39.59%
According to the 2024 annual accounts of COBAS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 27,858 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46180Agents specialised in the wholesale of other particular products
47811Retail sale of cars and light vans (up to 3.5 tonnes)
66300Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896615441
Also
9925:BE0896615441
Registered
31-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.